How can i claim my laptop as an expense in my annual tax return?

Question

I was told by a tax consultant that i could claim the cost of my laptop as an expense in my tax return by using it to keep records of my receipts and finances.

Answer 1

If you own a business and use it primarily for business, then you can.

Answer 2

Yes you can by 40% as a first year allowance(capital allowance), if you bought & used that laptop after 31st march 2004, which I assume is your case.
However, Section 45 CAA 2001 provides for a 100% first year allowance to be given in respect of information and communications technology equipment purchased between 1 April 2000 and 31 March 2004 (both dates inclusive). This applies wherever the equipment is to be used.

The equipment that qualifies for the 100% first year allowance is, which will be the case if you have bought your laptop between 1 April 2000 and 31 March 2004 (both dates inclusive).
computer equipment comprising computers (ranging from small palmtop organisers to large systems), computer peripherals such as keyboards, printers etc; cabling and other equipment to link computers to each other, or to data networks such as the internet; and dedicated electrical systems for computers
·high-tech communications technologies comprising WAP (wireless application protocol) phones, 3rd generation (3G) mobile phones and equipment with similar applications and functionality; and set-top boxes that are connected to televisions and are capable of receiving and transmitting information from and to data networks such as the internet
·software comprising software for use with computers or high-tech communication technologies. This covers all computer software, including new software for use on computers bought before 1 April 2000 and the costs of creating new websites.
·

Answer 3

Check with your accountant. I think that it would have to be work related, for you to claim it. However if you can, then a certain amount of your electric bill could also be claimed, as you have to charge the battery.